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.... But Jackson’s experience in the gambling industry is confined to four years as a non-executive. Maybe that’s sufficient training and there is, after all, no golden rule that bookies must appoint hardened bookmakers. ...
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....Paddy Power Betfair has said the lack of a major football tournament and unfavourable sports results were to blame for a slowdown in growth in the first half of the year. Shares in the betting group fell sharply for a second day, after the bookmaker surprised investors on Monday with the revelation that Breon Corcoran had resigned as chief executive. ...
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....Average revenue per customer was up 9% and there were also gains from gamblers new to William Hill. The boost to online revenues and a 4% increase in the dividend helped push the shares up 6%, to 281p, making them the biggest riser in the FTSE 350, even though profit for the six months was down 11% to £109m as the bookmaker had to pay out on a string of wins for well-backed football teams. ...
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....Paddy Power Betfair has said the lack of a major football tournament and unfavourable sports results were to blame for a slowdown in growth in the first half of the year. Shares in the betting group fell sharply for a second day, after the bookmaker surprised investors on Monday with the revelation that Breon Corcoran had resigned as chief executive. ...

.... But Jackson’s experience in the gambling industry is confined to four years as a non-executive. Maybe that’s sufficient training and there is, after all, no golden rule that bookies must appoint hardened bookmakers. ...

....Average revenue per customer was up 9% and there were also gains from gamblers new to William Hill. The boost to online revenues and a 4% increase in the dividend helped push the shares up 6%, to 281p, making them the biggest riser in the FTSE 350, even though profit for the six months was down 11% to £109m as the bookmaker had to pay out on a string of wins for well-backed football teams. ...

....The government’s decision has been further complicated by the fact that MPs in the Democratic Unionist party, which holds the balance of power in parliament, are in favour of cutting the maximum FOBT stake from £100 to as low as £2. The Department for Culture Media and Sport (DCMS) is examining the machines amid claims – hotly disputed by bookmakers – that they are highly addictive and make it too easy for problem gamblers to lose thousands of pounds in a matter of hours. ...

....Ladbrokes could face an investigation from the gambling regulator over an incident in which confidential information about betting addicts, including photos, names and addresses, was found in a bin bag on the street. The Gambling Commission said it was looking into the bookmaker’s compliance with data protection laws after a passer-by found the sensitive documents outside a branch of Ladbrokes in Glasgow. ...

.... Bosses at the privately-owned Storm Technologies and Jennings Racing, authors of two versions of “vote Conservative” dispatches, ought to know better. The latter is a bookmaker and should have remembered the admirable stance adopted by the Ladbrokes boss Jim Mullen in 2015. ...

....”. It also emerged that Greg Knight, the managing director of the UK’s largest independent bookmaker, Jennings Racing, warned 500 staff their jobs were at risk the day before voters went to the polls. ...

.... The Conservative manifesto did not address the issue and the government has so far resisted calls for stake reduction, pending a review due to be published this summer. The data also shows a greater concentration of betting shops in areas with higher rates of poverty, fuelling existing concerns that bookmakers are “clustering” their shops in deprived areas. ...

.... A recent study by Landman Economics concluded that FOBTs are actually a drain on the economy, even when their tax contribution is taken into account. (Although it should be said that the report was commissioned by an anti-FOBT group, the Campaign for Fairer Gambling, which bookmakers say has links to the casino industry. ...

....But the Campaign for Fairer Gambling said the machines were a net drain on the economy. “The bizarre experiment to allow high stakes, high speed roulette in betting shops is delivering huge profits for the bookmakers at the expense of an even greater cost to society and the economy,” said a spokesperson. ...

....The commission signalled earlier this year it intends to come down harder than before on firms that breach rules designed to promote responsible gambling. Several other bookmakers have been hit with financial penalties in the past year. ...

....In the FTSE 250, shares in Ladbrokes Coral fell 4% after it reported a 2% drop in UK net revenues at its betting shops. The bookmaker said tougher trading on the High Street had led to a 7% fall in bets made over the counter, although this had been offset to some extent by an increase in revenues from machines in its shops. ...

....Breaches cited by the parliamentary commissioner for standards include a lack of transparency about free advice the group received from a public affairs firm employed by gambling companies that do not offer FOBTs. The verdict has been hailed as a victory by bookmakers, who derive more than half of their revenue from the machines and say cutting the maximum stake would cost jobs in the industry. ...

....Boss Simon Bazalgette said UK racing can now "kick-on, matter to more people in this country, and ensure the sport has a healthy future at all levels". He also welcomed "reforms to racing's funding", namely the introduction earlier this week of a reformed version of the bookmakers' levy system. ...

....I suspect the locals are shocked that a walk in Snowdonia should be associated with an election whose manifesto, the Daily Mail tells us, will herald “Theresa’s Cast-Iron Brexit Pledge”. I did not get where I am today forecasting the results of elections, and have never forgotten my failure, along with the economist Roger Bootle, to take advantage of the odds of 6-1 against the Conservatives being offered by bookmakers at Ascot the day before the 1992 election. ...

....The government is conducting a review of gaming machines that industry figures fear will lead to tighter curbs on betting machines and reduced profits. The review has seen amusement arcades and casinos go on the offensive against bookmakers by highlighting the addictive nature of FOBTs, which make up more than half of bookies’ revenues at about £1. ...

....It seems unlikely to soften that position this week – and few will shed any tears about that. Still, in an intriguing footnote, the companies funding this work include Bacta – the amusement arcades trade body – and Hippodrome Casino, both of which might want to nobble bookmakers. ...

....”. Anderson, who has clients including KPMG, Network Rail and Standard Life, cites the example of bookmaker Ladbrokes, which has gone from 30% of digital revenues coming from mobile products to 80%. ...

....Paddy Power Betfair blamed the unlikely pairing of Donald Trump and the Manchester United striker Zlatan Ibrahimovic as it cut its full-year profit forecast. The “unexpected US election outcome”, in which Trump triumphed over Hillary Clinton in November, cost the bookmaker £5m as it paid out to punters who backed him for the White House. ...

....Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s regulator. The Gambling Commission will lay out its new enforcement strategy this month, detailing how bookmakers, casinos and online gaming companies who are deemed to have breached regulations will be punished. ...

....The increased scrutiny culminated in a government review of betting firms’ social responsibility, including controversial fixed-odds betting terminals (FOBTs), often dubbed the “crack cocaine” of gambling for their addictive nature. The parliamentary register of members’ interests, which details the value of gifts and donations received by politicians, reveals that major bookmakers and horse racing firms quadrupled their efforts to entertain MPs ahead of the review. ...

.... Something like 2016’s performance is required in 2017, therefore. When Leicester City won the Premier League in May – having started the season as a 5,000-1 shot – all the quoted bookmakers started whining that they had paid out £25m, which was dubbed “the biggest loss in British history on a single sporting market”. ...

....An opinion poll by public broadcaster NHK found 44% of those questioned opposed the plans, with just 12% supporting it and 34% of respondents undecided. Casinos are currently illegal in Japan, though gambling on horse, boat and bicycle races is allowed through government-backed bookmakers. ...

....Shares in William Hill fell more than 7% and Ladbrokes Coral shares fell more than 6% after the MPs' announcement. Fixed-odds betting terminals (FOBTs) are gambling machines, normally located on bookmakers' premises, where players can stake large amounts of money on games such as roulette. ...

. The amount gamblers can stake on controversial fixed-odds betting terminals (FOBTs) should be slashed and councils given powers to stop bookmakers “clustering” betting shops on high streets, an influential group of MPs has said. ...

....Despite Capita's fall, the FTSE 100 index closed up 30 points at 6,932. In the FTSE 250, shares in bookmakers were hit after MPs recommended that the maximum amount gamblers can stake on fixed-odds betting machines should be cut from £100 to £2. ...

....They say the bookie always wins, but not on Tuesday night. Three weeks ago, bookmaker Paddy Power paid out £800,000 in winnings to punters who had backed Hillary Clinton to be the next US president, only now to be left with a bill for £4m to pay clients who had backed Donald Trump. ...

....Stock markets in France and Germany also closed in negative territory after polls showed that the Republican presidential nominee Donald Trump appeared to be closing the gap with Democrat Hillary Clinton. The bookmaker Paddy Power finished as the biggest gainer in the FTSE 100, up 4. ...

....The next step could see investors buy shares in the Football Pools, as Burlywood Capital plans to list a new company on London's Alternative Investment Market to buy the business. Burlywood, which is co-founded by Mark Blandford, who made millions from Sportingbet - once the world's largest online bookmaker - was one of several gambling firms to look at the pools. ...

....In the FTSE 250, William Hill shares rose 5% after it raised its full-year profit outlook. The bookmaker said 2016's operating profits would be at the higher end of its previous guidance of £260m-£280m. ...

....The chief executive of 888, Itai Frieberger, said a combined business could "lead innovation in the sector", while Rank chief executive Henry Birch said the deal made "compelling strategic sense for all three businesses". The UK's second and third-largest retail bookmakers, Ladbrokes and Gala Coral, are currently proceeding with their £2. ...

....The Competition and Markets Authority identified 642 local areas where it said the merger would hit competition. Ladbrokes and Gala Coral are the UK's second and third largest retail bookmakers, behind William Hill. ...

....Online operator 888 and Rank, the UK's biggest casino chain, said they saw "significant industrial logic in the combination". William Hill said the approach was "highly preliminary", while Rank and 888 said they had not yet made a formal offer to the bookmaker's board. ...

....But some fans and former Bond Sir Roger Moore have suggested that his race was not what the character’s creator Ian Fleming had in mind. Daniel Craig, 48, who currently plays the role, said that Mr Elba should be his successor and bookmaker Paddy Power has him as 6/1 to get the job. ...

....” He said it was too soon to judge what the fallout from the referendum would be. Walsh, a former managing director of the bookmaker Coral, was hired in 2014 to lead a turnaround following several difficult years for the company as sales and profits collapsed during the last recession. ...

.... Share prices and the pound had rallied strongly in the days before on the expectation of a vote for remain. A victory for leave – a 10% chance, according to the bookmakers, as the polls closed – couldn’t fail to provoke a strong market reaction. ...

. The bookmaker Betfred has agreed to an £800,000 settlement after accepting stolen cash from a “VIP” customer, who was allegedly offered free drinks and day trips to encourage him to keep betting. ...

....The figures show that prices have risen in all but six of the competing nations, and show a marked contrast between northern and southern Europe. Prices are 6% below 2012 levels in France, the bookmakers’ favourites to win the Euros, while in Ukraine they are 22. ...

....The CMA found that the merger could “result in a substantial loss of competition” in the gambling market at both a national and local level. The proposed merger would create Britain’s biggest bookmaker, with about 4,000 betting shops, but the CMA has identified 659 areas across the country where the deal could harm competition. ...

....For it seems to me that some of my fellow members in the Remain camp are manifesting signs of that traditional phenomenon known as “panic in the ranks”. Although bookmakers William Hill make Remain firm odds-on favourites – as I write, if you put £100 on Remain, and that is the outcome, you win only £30, whereas £100 on Brexit stands to win £300 – that is not what the opinion polls indicate. ...

. William Hill has paid out £3m to punters who backed Leicester City to win the Premier League, but the hit to the bookmaker was partly offset by good results from the rest of the season’s matches. ...

....The bookies took a right old caning on Leicester City, right? Don’t believe a word of it. The part of the tale that is correct is that the Foxes’ triumph, at odds that started the season at 5,000-1, ensured a loss for most bookmakers on the thin market in predicting the outright winner of the Premier League. ...

....The bookies took a right old caning on Leicester City, right? Don’t believe a word of it. The part of the tale that is correct is that the Foxes’ triumph, at odds that started the season at 5,000-1, ensured a loss for most bookmakers on the thin market in predicting the outright winner of the Premier League. ...

. The bookmaker Gala Coral has agreed with the gambling regulator to pay out nearly £880,000 after taking hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. ...

....In its report of how it voted in 2015, LGIM provided the example of FTSE 250 company biotech Genus which had an all male board, prompting it to vote against the chairman. The report provides other examples of where it held discussions with companies, including bookmaker Ladbrokes and at banking group Standard Chartered. ...

....The difference between an investment banker and a pigeon, the old joke went during the credit crunch, is that a pigeon can put down a deposit on a new Porsche. It’s not a classic, perhaps, but it was enough to irk many of the jumped-up bookmakers that inhabit the trade, until the shock of nearly bankrupting the planet wore off and they discovered new ways of trousering massive bonuses. ...

....Bookmaker Ladbrokes has been hit by the worst Cheltenham horse racing festival in living memory, which left the betting industry nursing collective losses of more than £60m. Cheltenham proved disastrous for bookmakers, as nine favourites and one joint favourite won in the 28 races over four days. ...

.... It makes a case for the status quo, argues that the alternative is fraught with danger and relies on the innate conservatism of voters to carry the day. It worked in the Scottish referendum, it worked in the 2015 general election and the bookmakers think it will work again on 23 June. ...

....A key measure is an upgraded “self-exclusion” system, under which addicts tell betting companies not to take their money. The new system lets addicts sign up to a central register shared by bookmakers, rather than excluding themselves from individual firms. ...

....Reuters' latest monthly poll of 13 UK-based investors, carried out between March 17-30, also revealed growing anxiety that Donald Trump will win the Republican nomination to run for president in the United States. With bookmakers shortening odds on a British vote to quit the EU after a June 23 referendum, sterling is on its worst run in eight years as fears grow for trade and economic growth in the event of "Brexit". ...

...._____________________________________________________________. MORE than £350million was wiped from the value of William Hill after the bookmaker counted the cost of its worst Cheltenham Festival and new measures to curb problem gambling. ...